Was it your idea to give credit cardholders more "REWARDS"? NO!
However, you're stuck paying for it.
Zero processing fees is a growing trend in the small business owner sector. Communities are willing to support the local SBO by paying a discounted cash price or assuming the cost of the credit card transaction. Simple as that!
Common solution for;
Cafes, Barber Shops, Salons and Retail
|TRADITIONAL PAYMENT PROCESSING||CASH DISCOUNT PROGRAM|
|2% - 4% INTERCHANGE FEES||CUSTOMER PAYS A FRACTION OF THE TRANSACTION|
|.10 -.25 CENTS PER SWIPE||EXAMPLE: $10 SALE = $10.40|
|CUSTOMER RECEIVES REWARDS||CUSTOMER GETS REWARDS AND THE CONVENIENCE|
|YOU PAYS THOUSANDS||YOU PAY ZER0|
For example, a transaction that normally costs $10.00 will now be automatically updated to include a service fee of 4%, or $0.40. If a customer decides to pay with a credit card, they will pay $10.40 ($10.00 + the service fee of $0.40). If they decide to pay by cash, they will receive an instant “cash discount” of 4%, bringing the transaction back to the original $10.00.
Join the crowd of small business owners that are reaping the rewards of offering CASH DISCOUNT prices to their customers. In return they are charging a convenience fee to cover the cost of transacting credit and debit cards. This option is much better than your customer doing an ATM run and risking the loss of business.
Most customers are aware of the high costs of doing business these days. They tend to value local small businesses and don't mind supporting you with a small convenience fee. This solution is trending really fast all over the nation and is most suitable for smaller ticket items and services such as Hair Salons, Barbers, Nail Salons, Coffee Shops, Food Trucks, Retail and Non-Profit Organizations.